The Canada Ammonia market demand stood at 3300 thousand tonnes in 2023 and is expected to grow at a CAGR of 3.8% during the forecast period until 2034.
Ammonia, a versatile chemical compound, is commonly produced through the Haber-Bosch process, which involves the synthesis of nitrogen and hydrogen. Its utility extends beyond fertilizer production, serving as a crucial component in various industries. In refrigeration of deep freezers, it acts as an efficient refrigerant, vital for food processing and preservation. The textile sector relies on ammonia for tanning and dye synthesis, facilitating the production of synthetic materials and fabric colouring. Its versatility is further demonstrated in cleaning products like detergents. Moreover, ammonia fulfils industrial and agricultural requirements, being employed in the manufacture of explosives and pesticides. In the pharmaceutical sector, it finds extensive use in producing Active Pharmaceutical Ingredients (APIs) and medications.
The demand for ammonia in Canada is fuelled by several key factors. Firstly, the agricultural sector heavily relies on ammonia for enhancing crop production, particularly in the cultivation of canola and wheat, highlighting its pivotal role in sustaining agricultural productivity in the country. Moreover, ammonia has diverse applications across various industries, including refrigeration, chemical manufacturing, and pharmaceuticals production, indicating its versatility in industrial processes. Additionally, Canada's strategic focus on exporting ammonia further reinforces its prominence in the global market, emphasizing its status as a major player in meeting international demand for Ammonia. Canada Ammonia market is likely to reach roughly 5000 thousand tonnes in the year 2034.
Based on the end-user industry, the Canada Ammonia market is segmented into Agriculture & Fertilizers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others. The largest market share of Ammonia goes with high proportion in Agriculture & Fertilizers. It was about 49% in the year 2023.
Significant players in the Canada Ammonia market are Nutrien Ltd, CF Industries, Koch Industries Inc., Sherritt International Inc., and Others. Other global players in the Global ammonia market are PetroChina Group, Parsian Oil and Gas Development Group Co., Nutrien, EuroChem Group, Qatar Fertilizer Co (QAFCO), Indian Farmers Fertiliser Co-operative Limited (IFFCO), Yihua Group, TogliattiAzot, Yangmei Group, Acro Group, and others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Canada Ammonia which covers production, demand and supply of Ammonia market in Canada.
• To analyse and forecast the market size of Canada Ammonia
• To classify and forecast Canada Ammonia market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Ammonia market in Canada.
To extract data for Canada Ammonia market, primary research surveys were conducted with Ammonia manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Canada Ammonia market over the coming years.
ChemAnalyst calculated Ammonia demand across the Canada region by analysing the volume of Ammonia consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Ammonia manufacturers and other stakeholders
• Organizations, forums and alliances related to Ammonia distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Ammonia manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Canada Ammonia market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
3300 thousand tonnes
Market size Volume by 2034
5000 thousand tonnes
Growth Rate
CAGR of 3.8% from 2024 to 2034
Base year
2023
Estimated Year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Foreign Trade, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Agriculture & Fertilizers, Textiles & Pharmaceutical, Explosives, Refrigeration, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
British Columbia, Alberta, Saskatchewan and Manitoba, Quebec, Ontario, and Rest of Canada
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Member - Board of Directors
Osaka Gas Co. Ltd
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What was the size of Canada Ammonia market in terms of volume in 2023?
Ans:
The size of Canada Ammonia market has grown significantly in the historic period and reached approximately 3300 thousand tonnes in 2023.
Q2.
Which industry is leading as the leading consumer of Ammonia?
Ans:
Agriculture & Fertilizers industry is the leading consumer of Ammonia.
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